MILSTEIN MEDICAL ASIAN-AMERICAN PARTNERSHIP FOUNDATION INC Charity Report

Public IRS 990 nonprofit record

MILSTEIN MEDICAL ASIAN-AMERICAN PARTNERSHIP FOUNDATION INC

EIN 45-4600661 · Public Foundations (T30)

What they do

The Mission of The Milstein Medical Asian American Partnership Foundation (MMAAP Foundation) is to Improve World Health By Developing Mutually Beneficial Partnerships Between The United States and China, As Well As Greater Asia. Working With Some of The Premier Health Organizations In The World, The MMAAP Foundation Will Bring Together and Fund Exchanges Among The Best Research, Medical Talent, and Institutions In The Regions. This Strategy is A High Priority for Its Founders, Howard P. Milstein and The Paul and Irma Milstein Foundation.The MMAAP Foundation is Designed to Become A Highly Respected International Foundation Demonstrating Expertise In Producing Medical and Scientific Progress With Integrity and Efficiency.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $72.30 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders12 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

74.91%of revenue went to mission work72.3% of expenses · Program services

$103.66spent for every $100 of revenueSpending was higher than revenue this year.

28.74%of revenue went to management and office costs27.7% of expenses

$0.08in assets for every $1 spent this yearSome assets cannot be spent right away.

100.0%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $28,171 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $270,000 for KATHLEEN REICHERT (SENIOR VICE PRESIDENT). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$770,174

Mission workProgram services$576,97274.91% of revenue72.3% of expenses

ManagementOffice and general costs$221,37328.74% of revenue27.7% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Total expenses$798,345103.66% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 72.3% mission · 27.7% management · 0.0% fundraisingTotal expenses: 103.66% of revenue

2023Expense mix: 76.6% mission · 23.4% management · 0.0% fundraisingTotal expenses: 102.18% of revenue

2022Expense mix: 76.4% mission · 23.6% management · 0.0% fundraisingTotal expenses: 106.22% of revenue

2021Expense mix: 74.1% mission · 25.9% management · 0.0% fundraisingTotal expenses: 94.91% of revenue

2020Expense mix: 84.7% mission · 15.3% management · 0.0% fundraisingTotal expenses: 106.69% of revenue

2019Expense mix: 88.9% mission · 11.1% management · 0.0% fundraisingTotal expenses: 106.08% of revenue

2018Expense mix: 90.1% mission · 9.9% management · 0.0% fundraisingTotal expenses: 91.08% of revenue

2017Expense mix: 90.6% mission · 9.4% management · 0.0% fundraisingTotal expenses: 99.06% of revenue

Money in and money out

Revenue$770,174

Expenses$798,345

Annual shortfall $28,171 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$576,972 · 72.3% of expenses

Management and office costs$221,373 · 27.7% of expenses

See all reported dollar amounts

Revenue$770,174

Expenses$798,345

Assets$63,142

Income$770,174

Contributions$770,150

Mission work (program services)$576,972

Grants given$2,367,859

Average grant$52,619

Management and general$221,373

Executive compensation (total)$430,000

Accounting fees$18,471

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

KATHLEEN REICHERTSENIOR VICE PRESIDENT · 20 hrs/week $270,000

SEAN X LENG MD PHDPRESIDENT * · 8 hrs/week $255,000

PABLO RUBINSTEIN MDADVISORY COMMITTEE * · 1 hrs/week $60,000

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (12)

KATHLEEN REICHERTSENIOR VICE PRESIDENT

SEAN X LENG MD PHDPRESIDENT *

PABLO RUBINSTEIN MDADVISORY COMMITTEE *

ABBY S MILSTEINDIRECTOR *

AVERAGE HOURS WORKED PER WEEK FORALL OFFICERS AND DIRECTORS

CHARLES WANGADVISORY COMMITTEE *

ERIC KAPLAN ESQBOARD SECRETARY *

EXCEPT AS NOTED AREAS REQUIRED

GERALD LAZARUS MDFOUNDING PRESIDENT *

HOWARD P MILSTEINCHAIR *

KEVIN BUCKLEYTREASURER *

MICHAEL W HODIN PHDDIRECTOR *

About this charity

Recognized since: January 2013
Location: 335 MADISON AVE FL 15, NEW YORK, NY 10017-4631
County: New York
In care of: % HOWARD P MILSTEIN
Primary officer: ERIC KAPLAN, SECRETARY

How to reach them

Phone(212) 850-4505

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: LASKY & COMPANY CPAS LLP
NTEE classification: Public Foundations (T30)
IRS tax category: Public Foundations
Grant-giving organization: Yes